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Thursday, August 6, 2020

Fed Commitment to Let Inflation Run Isn’t a Promise; It’s a Threat

According to a recent CNBC report, the Federal Reserve is set to make a major commitment to “ramping up inflation.” According to the report, the Fed will pivot “average inflation” targeting.” With this strategy “inflation above the central bank’s usual 2% target would be tolerated and even desired.” Practically speaking, the Federal Reserve would not […]

from SchiffGold https://ift.tt/31udYjk